Real Estate Investing in Harrah, Oklahoma (73045)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73045 (Harrah, OK)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.9% vacancy may signal weakening demand.
What’s happening in Harrah, OK (73045)?
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Market Analysis: 73045 Harrah
Investors eyeing 73045 need to respect the fundamentals at play. Home values of $250K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 73045 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 73045 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Put differently, 11,542 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Harrah's stable or hybrid ZIPs before stepping into 73045. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Harrah:
Property Strategy for 73045
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $146,589 | $1,150 | 5.6% | +6.4% | $73,295 |
| 3BR | $240,727 | $1,550 | 4.6% | +7.3% | $80,242 |
| 4BR | $294,180 | $1,730 | 4.2% | +5.7% | $73,545 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73045 Compare?
| Metric | 73045 | Harrah | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $250,359 | $250,359 | N/A | $214,563 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 6.9% |
| Avg Rent | $1,564 | $1,564 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73045 (Harrah, OK). Anonymous, moderated, never written by AI.
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Property managers serving Oklahoma County
Manage rentals here? List your business →All County Heartland is a full-service residential property management company in Edmond, OK, focused on maximizing rental property revenue and maintaining investments. summary from their website
C-Star Management is a leader in property management, offering services for apartments, houses, and duplexes. summary from their website
Substancia Property Management offers single-family, multi-family, commercial, and HOA property management services in the Oklahoma City Metro and surrounding areas. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $250,359 |
| Monthly Rent | $1,564 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73045
Population: 11,542
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 73045
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What approach is best for Harrah, OK real estate?
Most investors in Harrah, OK run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How high is vacancy risk in Harrah, OK?
Harrah, OK vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How deep is the rental pool in Harrah, OK?
Tenant quality in Harrah, OK ranks as solid. Landlords generally report measured occupancy at market rents of $1,564/mo.
What is the median home value in Harrah, OK?
The median home value in Harrah, OK is roughly $250K. That puts it reasonable relative to the OK statewide average.
What do landlords charge for rent in Harrah, OK?
Average rent in Harrah, OK is approximately $1,564/mo per month. Against $250K home values that yields a reasonable rent-to-price ratio.
You know 73045 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73045 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 73045 ranks in Oklahoma City, OK
Every ZIP in this metro, ranked. Free.
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